Stellantis (NYSE:STLA) Short Interest Up 15.4% in January

Stellantis (NYSE:STLA) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 31,870,000 shares, a growth of 15.4% from the January 15th total of 27,620,000 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 9,330,000 shares, the days-to-cover ratio is presently 3.4 days.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently bought and sold shares of STLA. Norges Bank bought a new stake in shares of Stellantis during the fourth quarter worth $609,076,000. Marshall Wace LLP raised its position in shares of Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock worth $226,899,000 after acquiring an additional 17,376,176 shares during the last quarter. Banco Santander S.A. raised its position in shares of Stellantis by 282.2% during the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock worth $94,717,000 after acquiring an additional 5,359,190 shares during the last quarter. Capital Research Global Investors raised its position in shares of Stellantis by 306.9% during the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock worth $90,636,000 after acquiring an additional 5,208,889 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Stellantis during the fourth quarter worth $62,769,000. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI started coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating on the stock. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

STLA stock traded up $0.51 during trading on Monday, hitting $14.04. The company had a trading volume of 12,554,226 shares, compared to its average volume of 9,264,148. The company has a fifty day moving average price of $13.11 and a two-hundred day moving average price of $13.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.